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Reaper Ltd v Merseyside Waste Authority

Language: English Series: Rating & Valuation Reporter ; [1998] RVR 143-192(50)Publication details: 1998Subject(s): Summary: LT 28 July 1997. R sought compensation in respect of the compulsory acquisition of freehold land in Southport. The local planning authority issued a s17 certificate stating that planning permission might reasonably have been expected for retail development. The acquiring authority contended that the value on this assumption would have been negated or reduced by the prospect of retail planning on other nearby competing sites and the most likely development would be residential. R sought compensation on the basis of retail development. "Held" the compensation payable was £1,821,500 on the basis of 7ac for a food store plus 10ac for non food retail plus residual land, allowing for the cost of access.

LT 28 July 1997. R sought compensation in respect of the compulsory acquisition of freehold land in Southport. The local planning authority issued a s17 certificate stating that planning permission might reasonably have been expected for retail development. The acquiring authority contended that the value on this assumption would have been negated or reduced by the prospect of retail planning on other nearby competing sites and the most likely development would be residential. R sought compensation on the basis of retail development. "Held" the compensation payable was £1,821,500 on the basis of 7ac for a food store plus 10ac for non food retail plus residual land, allowing for the cost of access.